EP #41 | Simplify Your Bookkeeping with Morgan Boudreaux
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Bookkeepers can help out clients as much as possible but it is so important that the business owner understands their business and the rules and regulations as well.
Today my guest is Morgan Boudrweaux Operations Director at Business by the Book, a bookkeeping service provider who specializes in working with interior designers across the US. As part of financial literacy month, I have invited Morgan here today to answer some common questions related to accounting in the interior design industry.
Here’s a glance at this episode…
[04:00] I share my experiences with different bookkeepers and how important it is to find a great fit and stick with them.
[12:21] Morgan shares what questions an interior designer should ask when looking for a potential accountant and what red flags should they look for.
[18:30] I ask Morgan to set the record straight when it comes to the role of a bookkeeper and what common misconceptions about what a bookkeeping firm does/can do for your interior design business.
[20:30] If you feel behind in your bookkeeping, Morgan shares what to do when you’ve fallen behind.
[30:00] We discuss sales tax and tax compliance for interior designers to take into account.
[40:00] I ask Morgan questions from our members such as common pricing for a bookkeeper and how/when to get started with a bookkeeper. I ask Morgan about client income and expenses on projects and the differences between retainers and invoices.
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